KMD Brands Limited (“KMD”) – Suspension of trading

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Monday, 30 March 2026
Subject
: KMD Brands Limited (“KMD”) – Suspension of trading


Message
:
NZ RegCo has approved a voluntary suspension application from KMD Brands Limited (“KMD”).
The suspension of trading was applied at pre-market open today.

Attached is the application from KMD for further information.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS

---

KMD BRANDS LIMITED W kmdbrands.com





Request for Voluntary Suspension: KMD Brands Limited (KMD.NZX/KMD.ASX)
KMD Brands Limited’s (KMD) ordinary shares (ISIN: NZKMDE0001S3) were placed into trading halt on NZX and ASX
on 25 March 2026 on request by KMD, with a further trading halt on NZX and voluntary suspension on ASX applied at
KMD’s request on 27 March 2026.
We request that:
• KMD’s ordinary shares be placed in voluntary suspension on NZX under NZX Listing Rule 9.9.1(b); and
• KMD’s ordinary shares continue in voluntary suspension on ASX under ASX Listing Rule 17.2.
We would like the voluntary suspension on NZX to commence prior to the commencement of trading on NZX on
Monday, 30 March 2026 and end prior to market open on Tuesday, 31 March 2026.
Reasons for voluntary suspension:
As announced to market on 25 March 2026, KMD intends to launch a capital raise, and finalise terms for a refinancing
of its existing bank facilities, in conjunction with the release of its financial results for the half year ended 31 January
2026 (HY26 Results). KMD is not presently in a position to make an announcement regarding the capital raise and
refinance, as the final details, including pricing, are still being determined. Discussions regarding these matters remain
ongoing.
In order for the directors to approve the HY26 Results, and KMD’s auditors to complete their review of the HY26
Results, the final details of the refinance and the capital raise will need to be confirmed. Accordingly, KMD is unable
to finalise the HY26 Results.
A voluntary suspension is therefore required to maintain an orderly market while KMD works to finalise the details of
the capital raise, the refinance and its HY26 Results.
How long we want the voluntary suspension to last:
We would like the voluntary suspension on NZX to commence prior to the commencement of trading on NZX on
Monday, 30 March 2026 and for the voluntary suspension that is already in place on ASX to continue.
30 March 2026
NZX Regulation Limited (NZ RegCo)
Level 2, NZX Centre
11 Cable Street
Wellington 6011
New Zealand
issuer@nzregco.com

ASX Limited
20 Bridge Street
Sydney
New South Wales 2000
Australia

tradinghaltssydney@asx.com.au
nicola.lombardi@asx.com.au

KMD BRANDS LIMITED W kmdbrands.com


We would like the voluntary suspension on NZX and ASX to last until the earlier of:
• KMD making an announcement regarding the proposed capital raise, the refinancing and releasing its HY26
Results, expected to be on Tuesday, 31 March 2026; and
• market open on Tuesday, 31 March 2026.
The event we expect to happen that will end the voluntary suspension:
We expect the voluntary suspension on NZX and ASX to end once KMD is in a position to make an announcement
regarding the proposed capital raise, the refinancing and releasing its HY26 Results. We note that we expect KMD will
separately request for the voluntary suspension to continue on NZX and ASX to allow time for completion of the
institutional components of any such capital raising.
We confirm that we are not aware of any reason why the voluntary suspension should not be granted.
Please contact me if you have any concerns or queries. Alternatively, you can contact Rachel Dunne at Chapman
Tripp (+64 27 553 4924 / rachel.dunne@chapmantripp.com).
Yours sincerely

Frances Blundell,
Chief Legal & ESG Officer and Company Secretary
KMD Brands Limited